XAUUSD:1/10 Today's Market Analysis and Strategy

Gold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2634-2622

Gold operation suggestions: Yesterday, gold rushed up and fell back. The price fell to the lowest 10-day moving average and then formed a support rebound, and finally closed at 2634.5. From the current market, the monthly line rushed up and fell back and still rose sharply. The price is far away from the moving average and needs to be corrected. The daily chart price fell below the 5-day moving average and supported by the 10-day moving average. The trend has not turned, but weak shorts have appeared. Today, it is expected to further decline after the correction of the 10-day moving average. From the short-term moving average dead cross downward, the auxiliary indicator MACD dead cross at a high level, the four-hour high of 2685 rushed up and fell to 2675 and officially turned short. It continued to go down yesterday, but the decline did not continue today.

Judging from the current market trend, the short-term support below is 2634-2622, and the pressure above is 2650-2655. Continue to rely on this range to sell high and sell low, and wait patiently for key points to enter the market.

BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618

The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Fundamental AnalysisgoldlonggoldminersTrend AnalysisWave AnalysisXAUUSD

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